hotel van zandt
Host Hotels & Resorts Acquires 319-Room Hotel Van Zandt for $246M
Host Hotels & Resorts | February 3, 2022
BETHESDA, Md., Feb. 03, 2022 -- Host Hotels & Resorts, Inc. (NASDAQ: HST), the nation's largest lodging real estate investment trust (the "Company"), today announced that it has acquired the fee simple interest in the Hotel Van Zandt, a 319-room luxury lifestyle hotel in Austin, Texas for a purchase price of approximately $246 million including its $4 million FF&E reserve. The net acquisition price of approximately $242 million represents a 13.2x multiple on 2019 EBITDA1 and stabilization is expected in the 2025-2027 timeframe at approximately 10-12x EBITDA1. The Company funded the acquisition with approximately $140 million in ...
Hotel Van Zandt, a Kimpton Hotel, Appoints Chuck Moses as Director of Sales and Marketing
Hotel Van Zandt, A Kimpton Hotel | February 17, 2016
Austin, Texas – February 17, 2016 – Hotel Van Zandt, a Kimpton Hotel which opened in November 2015 has appointed Chuck Moses as the property's Director of Sales and Marketing. Moses, an Austin resident for over seven years will be responsible for planning and implementing sales, marketing and product development programs targeted towards existing and new markets in concert with the hotel's General Manager, Joe Pagone. A highly accomplished lodging sales director, Moses joins Hotel Van Zandt from the Omni Austin Hotel Downtown where he had served as Sales Director. During his time at the Omni, he helped develop many of the pr...
Kimpton Chosen to Manage the 322-room Hotel Van Zandt Under Development by JMI Realty in Austin, TX
Kimpton Hotels & Restaurants | August 19, 2013
SAN FRANCISCO (Aug. 19, 2013) - Kimpton Hotels & Restaurants announced today it will expand its footprint in Texas with the management of a new four-star boutique hotel in Austin's historic Rainey Street District. Slated for an early 2015 opening, the new construction, 16-story hotel will feature 322 guest rooms, more than 12,000 square feet total event and meeting space, an individually concepted, chef-driven restaurant, lobby cafe and an expansive pool deck and bar. Located at the intersection of Red River and Davis Streets in the heart of the Rainey District's thriving nightlife scene, the Hotel Van Zandt will be just minutes awa...
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